National News

Consumers say the market’s in crisis, Realtors stay positive. Who’s right?

The majority of Americans agree the nation is facing a serious housing affordability problem – but Realtors say they’re confident about the current real estate market, as well as how it will perform over the next six months. If

The 6 biggest challenges facing housing in 2016

From numerous vantage points, the U.S. housing market has improved considerably in recent years. Home prices are rising. The number of underwater homeowners has shrunk from 12.1 million in 2011 to 4.3 million today. Delinquency rates are down. And

Pending home sales reverse course, decline in May

After steadily increasing for three straight months, pending home sales let up in May and declined year-over-year for the first time in almost two years, according to the latest analysis from NAR. The Pending Home Sales Index slid 3.7

27 million Baby Boomers are planning to move nationwide

According to Freddie Mac’s “55+ Survey,” Baby Boomers looking to move again in their lifetimes could have a substantial impact on the future of housing. The survey found that out of the 27 million Boomers looking to move, 13 percent plan

The secret to a higher sale: Paint color?

A new study from Zillow Digs found that homes with neutral colors sell for more money than those listed without such tones. For instance, yellow kitchens sold for $1,360 more than asking price, while white kitchens sold for $82

The Brexit factor: What it means for U.S. real estate

The United Kingdom became the first country ever to leave the European Union last week, and the decision is one to be felt the world over – including by the United State’s real estate market. In the immediate aftermath of

Chicagoland home price growth the second-strongest in the nation

The Chicagoland area had the second-strongest home price growth in the U.S., according to the latest Case-Shiller Home Price Indices. Although Chicagoland’s year-over-year increase was among the nation’s lowest at 3.1 percent, it’s monthly increase from March to April

What goes into a new home’s price? Most consumers have no idea

There is a significant disconnect between consumers and homebuilders, according to a new analysis from the National Association of Home Builders. Comparing Census Bureau data with that of its most recent Home Buyer Preferences Survey, the NAHB found that

NAR voices support for bills in favor of alternatives to FICO

Earlier this month, the National Association of Realtors (NAR) expressed their support for two bills that aim to make it easier for consumers to build credit and secure a mortgage. The first bill NAR expressed support for is H.R. 4172,

Landscaping done right: do’s and don’ts this summer

Homebuyers are buying more than walls and windows when they visit an available space, they are buying the landscaping as well. If left uncared for, homebuyers could be turned off to the sale. Here are do’s and don’ts for landscaping

What goes into a new home’s price? Most consumers have no idea

There is a significant disconnect between consumers and homebuilders, according to a new analysis from the National Association of Home Builders. Comparing Census Bureau data with that of its most recent Home Buyer Preferences Survey, the NAHB found that

7 incredible stats on how student debt is harming the housing market

Student debt continues to be a major problem for the housing market, according to a detailed new survey from the National Association of Realtors and SALT, the consumer literacy program. The survey, which sampled thousands of non-homeowners currently repaying

Building with room to spare – a growing trend

Newly built homes are being made with extra space in mind. A report from The New York Times found that there is an inverse correlation between the amount of people living in the home verses how much room they build

Technology tips provided by members of 30 under 30

Realtor Magazine’s 2016 members of 30 Under 30 recently shared their secrets with handling technology on the job. This is their advice: Maintaining an Online Presence Maintaining an online presence is important to salesperson Kimberly Sethavanish from Century 21 Alliance

The road to $130 million: what settling means for NAR and Zillow Group, Inc.

For more than two years, Move Inc. and the National Association of Realtors were embroiled in a legal feud with Zillow Group, Inc. that spanned two lawsuits and multiple countersuits. That is, until Zillow agreed to settle with the

Sanders, Clinton or Trump? Homebuyers choose “other”

By this time next year, we will have a new president. Regardless of who it is, not every homebuyer will be happy about it. Twenty-seven percent of homebuyers say the outcome of the presidential election, no matter what, will “make the housing

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